October 27, 2017 / 8:26 AM / 2 months ago

India's Maruti Suzuki Q2 profit rises 3 pct, beats estimates

Oct 27 (Reuters) - Maruti Suzuki India Ltd, the country’s top-selling car maker, posted more than a 3 percent rise in its quarterly profit, beating analysts’ estimates.

The company, majority-owned by Japan's Suzuki Motor Corp , reported a profit of 24.84 billion rupees ($381.86 million) for the second quarter ended Sept. 30, versus 24.02 billion rupees a year ago. (bit.ly/2xtLHZZ)

Analysts on average had expected a net profit of 22.29 billion rupees, according to Thomson Reuters data.

Total vehicle sales for the quarter increased about 18 percent to 492,118 units. ($1 = 65.0500 Indian rupees) (Reporting By Arnab Paul in Bengaluru; Editing by Himani Sarkar)

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